lipped from: https://www.thehindubusinessline.com/economy/windfall-tax-12-margin-hit-for-reliance-govt-rakes-in-13-lakh-crore/article65599205.ece The windfall tax on crude production could generate revenue of ₹65,600 crore and tax on export products another ₹52,700 crore if they were
Category: Economy
*****Are India’s forex reserves adequate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-indias-forex-reserves-adequate/article65600445.ece International Investment Position, which is a better metric than import cover, paints a less-than-rosy picture India has witnessed outflows of $29 billion in
*****Government committed to the fiscal deficit target of 6.4%, says official – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/government-committed-to-stick-to-64-per-cent-fiscal-deficit-says-official/article65599207.ece ‘No cap and deadline fixed for withdrawal of windfall gain tax’ The Government is committed to stick to the fiscal deficit target of
*Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/june-merchandise-trade-gap-at-record-25-6-bn-experts-say-cad-could-double-122070401194_1.html India’s traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion Among major import
*******The long-term hurdles to India’s export growth | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-long-term-hurdles-to-india-s-export-growth-122070401365_1.html No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high Can exports power India’s economic growth?
*Why has the govt eased norms for Indians to receive more money from relatives abroad, but hiked import duty on gold? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/explained-govt-eased-norms-indians-receive-money-relatives-abroad-hiked-import-duty-gold-8006940/ Both the steps, taken in a matter of two days, are aimed at curbing the outflow of funds and on the other hand
*Capex for revival | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/capex-for-revival-122070301025_1.html Govt has done well to increase expenditure The biggest challenge for Indian policymakers at the moment is to lead the economy to a
*Resilient amid risks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/as-the-rbi-points-out-the-crisis-in-npas-and-nbfcs-has-been-alleviated-but-fintech-poses-a-problem/article65595740.ece As the RBI points out, the crisis in NPAs and NBFCs has been alleviated but fintech poses a problem The key takeaway from
*Twin deficit problem: What does it mean and how does it affect an economy? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/finance/what-is-a-twin-deficit-problem-122062300077_1.html The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that
*The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
*Capex is the route to economic revival, says FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/capex-is-the-route-to-economic-revival-says-fm-nirmala-sitharaman-122070200024_1.html In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps Union Finance Minister Nirmala
*How the RBI unconventionally innovated policy to fight the pandemic-Soumya Kanti Ghosh writes:-INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/how-the-bank-held-its-own-8002098/ Soumya Kanti Ghosh writes: It did not get fixated on a one-point agenda, daring to look beyond the inflation print, focussing on economic
The art and science of managing inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-art-and-science-of-managing-inflation-122062800021_1.html The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty The conduct of monetary policy in
Widening trade deficit: Prospects are for a doubling of current account deficit in FY23 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/widening-trade-deficit-prospects-are-for-a-doubling-of-current-account-deficit-in-fy23/2565889/ The most efficacious policy response to deal with widening trade imbalances is to maintain an open and unrestrictive trade policy, as has been
*****All RBI is saying is, give growth a chance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/all-rbi-is-saying-is-give-growth-a-chance/articleshow/92090052.cms Synopsis The risks to the central bank’s inflation guidance – a percentage point higher than what it expected two months ago – are
*Current account deficit likely to hit three-year high at $43.8 billion in FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/current-account-deficit-likely-to-hit-three-year-high-at-43-8-billion-in-fy22/articleshow/92107268.cms Synopsis According to an assessment by India Ratings, the Current Account Deficit (CAD) has moderated to USD 17.3 billion or 1.96 per cent
*****Inflation-brace for aftershocks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/inflation-brace-for-aftershocks-122051001670_1.html Goods producers have passed on more input cost increases than services producers Inflation is here to stay. It is currently affecting different groups of
*****Indian Economy: Glass half-full or half-empty for India? | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indian-economy-glass-half-full-or-half-empty-for-india/2519439/ The half-empty side of the picture on the economy front outweighs the considerations that push a half-full view India has returned to being
*****No cause for panic: Rupee fall is a concern, but it is still over-valued in terms of REER | The Financial Express
lipped from: https://www.financialexpress.com/opinion/no-cause-for-panic-rupee-fall-is-a-concern-but-it-is-still-over-valued-in-terms-of-reer/2519535/ The rupee’s fortunes can look up if capital flows are strong. It is possible FPIs will come back to the equity market once
*****Can the Indian economy survive a global downturn? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/can-the-indian-economy-survive-a-global-downturn/article65401455.ece China’s lockdown is disrupting global supply lines and creating shortages globally | Photo Credit: STRINGER Covid-19, a war in Europe and the Shanghai
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